The Carbon Trust has urged firms to take advantage of its interest-free loans in order to improve their business energy efficiency.
The trust said its loans of between £3,000 and £500,000 have helped scores of small and medium-sized British firms reduce their carbon dioxide emissions by more 23 million tons, reports This is Money.
Later this week, the Carbon Trust will launch a partnership with the British Chambers of Commerce (BCC) in order to raise awareness of its interest-free loans, which could save firms over £1.4 billion.
David Frost, director general of the BCC, said the organisation is determined to help firms improve their business energy performance.
"In many cases putting in new, energy-efficient equipment can do this and is fundamental to the business's success," he told This is Money.
"By replacing old, inefficient equipment, firms can dramatically cut costs and in many cases improve productivity by 20 per cent to 30 per cent."
A recent Green Grid study found that as many as two-thirds of firms do not provide incentives to improve the efficiency of their organisations' business gas and electricity use.
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